Experienced gamblers like bonuses, but they hate wagering requirements. The players know what they mean, that is why gamblers use them quite rarely. So, let me clarify what exactly the wagering requirement is, what reference it has to the bonuses, and why players recommend avoiding them.
Wagering requirements & bonuses
When you launch a gambling site for the first time, you can see the striking images offering you cash prizes and free spins. This is definitely attractive but remember that it’s not all gold that glitters.
The welcome offers have requirements. The wagering requirements are the number of spins a player makes with the given ‘welcome reward’ before he actually requests for payout. In other words, these wagering terms imply that you have to deposit, make several spins (x30, for example) and only then you can withdraw the money. If you won some, of course.
The number of spinning times (or hands) varies from casino to casino. It depends on their own requirements. So, remember to read the bonus T&Cs before claiming for the offer.
Why do experienced players recommend avoiding bonuses?
As you can understand now, the terms require you to deposit, get the extra money and play these rewarded money through. The last process goes on very slowly especially when the money sum is big. So, you have to make a lot of unnecessary spins. You don’t need them just because you’ll have little profit from the free prize in the end.
Let’s suppose you deposited $50, your offer claims you get 100% deposit and have to wager 30 times. Totally you have $100 to play. But you can’t make ten spins of $0.25 bet and make a withdrawal. You have to meet the requirements, so you spin 30 times. During these rounds you can go low beyond the rewarded $50 and touch already your own budget. As a result, you spend your money and don’t actually win.
If you open the terms and conditions of any banking method and casino, you will see different policies. Kiwis may face a minimum deposit of $1, but usually, the minimum deposit ranges between 10 NZD and 20 NZD. However, the cash-out limits are higher and ranges between 20 NZD and 60 NZD. In most casinos, there are no fees, however, read the rules before entering the casino.
The online gambling industry has thousands of fraudsters around. As a result, many of them try to take as much money from you as possible. The main reason why casinos delay the payments is the fact that they don’t want you to leave the casino and cash out the winnings. As a result, the longer they processed the payment, the more chances that you will change your mind and cancel the withdrawals.
We recommend you to study the software from popular NZ manufacturers such as NetEnt, Playtech, Microgaming. These brands have many slot machines with minimum bets of 0.25 to $1. In this case, a deposit of $5 will be enough for you to play and receive a win.